Refractometers are instruments which are used to measure the angle of refraction, which is the degree to which light changes its direction. They help in the measuring of the concentration of aqueous solutions. Refractometers can also measure the concentration of solid substances in different fluids or water. In addition, refractors can determine the speed of refracted light when it passes through a fluid sample and can analyse or report it using various scales. With the help of these values, refractometers help determine the concentration of different solutions as each solution can a have different refractive index depending upon its concentration in water.

Digital refractometers are expected to drive the growth of the market during the forecast period

In the refractometers market, most of the well-established and growing vendors are offering refractometers of various types in terms of accuracy and sizes with advanced features.

In this report, FMI has segmented the global refractometers market by product type, by substance used, by end user and by region. By product type, the refractometers market is sub-segmented into handheld refractometers, digital refractometers and abbe refractometers. The digital refractometers sub-segment is surging the growth of the global refractometers market owing to a quantitative increase in the demand for these products in various industries. The demand for advanced refractometers has been observed to have increased rapidly. Owing to these factors, the abbe refractometers sub-segment is projected to register moderate growth and hold a market share of more than 88% of the global market at the end of 2027.

The liquid substance segment is expected to dominate the market over the projected period

Based on the substance used for measurement, the refractometers market is sub-segmented into solid, liquid and gas. Refractometers are becoming more popular among several industries because of the increasing importance of monitoring the quality of water and food. Due to these factors, the liquid sub-segment is projected to create an incremental opportunity of 390.8 Mn between 2018 and 2027. In addition, in terms of volume, the liquid substance sub-segment is also expected to register a CAGR of more than 9.7% during the forecast period. Moreover, the abbe refractometers sub-segment is estimated to create potential revenue opportunities for the vendors of refractometers in the near future due to the increasing number of laboratories across the globe.

The food processing end user segment is currently dominating the global market with the highest value share

By end-user, the global refractometers market is segmented into food processing, gemology, research centers, oil industry, paint, pharmaceuticals and educational research. Growth in the number of healthcare initiatives in BRICS countries is expected to boost the market throughout the forecast period. The food processing sub-segment of the global refractometers market is projected to register a market share of more than 26.3% at the end of 2018. In addition, the food and beverages industry is witnessing advanced innovations and technological developments. Due to these factors, the food processing sub-segment is supporting the growth of global refractometers market. Moreover, growth in the number of healthcare initiatives in BRICS countries, coupled with rising population, is expected to remain among the key factors that are expected to fuel the growth of the market throughout the forecast period.

This report also includes the trends driving all the segments of the market, and offers insights & analysis regarding the potential growth opportunities that the market is likely to witness in different regions across the world, which include Latin America (Brazil, Mexico & the rest of Latin America), North America (U.S. & Canada), Europe (Germany, Italy, France, Spain, U.K. & the rest of Europe), Japan, APEJ (China, India, Malaysia, Australia, Singapore & the rest of APEJ) and MEA (GCC Countries, South Africa, Israel & the rest of MEA). On the basis of geography, the North America market is expected to dominate the global refractometersmarket due to the presence of a large number of manufacturers of refractometers in the region. Furthermore, the APEJ region is expected to exhibit the highest growth rate during the forecast period in the global market owing to an increase in the number of advanced laboratories in the region. Owing to constant innovations and increasing research activities in laboratories, the revenue contribution of the APEJ market is estimated to increase at a CAGR of 10.2% during the forecast period due to an expected increase in the adoption of refractometers in this region.

According to FMI analysis, strategies such as improvements in durability, product innovations as well as others are expected to help increase revenue, which is likely to enable the vendors of refractometers to reach new growth markets. In addition, Mettler-Toledo International Inc., which is one of the prominent vendors of refractometers, is offering refractometers for different application areas such as experimental and industrial purposes. As per FMI analysis, Mettler-Toledo International Inc. is upgrading its existing products to boost its customer base by improving the experience of its customers. Some of the market participants featured in the global refractometers market report are Thermo Fisher ScientificAMETEK;Shimadzu Corporation; Anton Paar GmbH;Cole-Parmer Instrument Company, LLC; KRüSS Optronic GmbH; Hanna Equipments India Pvt. Ltd.; ATAGO; Rudolph Research Analytical; MISCO Refractometer and Xylem Analytics.

Report Synopsis

Future Market Insights (FMI) offers a 9-year forecast of the refractometers market between 2018 and 2027. In terms of value, the refractometers market is expected to register a high CAGR during the forecast period. This study demonstrates the global refractometers market dynamics and trends across six regions: North America, Latin America, Europe, Japan, APEJ and MEA, which influence the current nature and the future status of the refractometers market over the forecast period.

Report Description

This research report provides a detailed analysis of the refractometers market and offers insights on the various factors driving the popularity of refractometers. The report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The market study provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on technology, application and different regions globally.

The refractometers market is expected to witness significant value growth during the forecast period owing to the rising importance of food quality and the availability of refractometers in various sizes and types.

The report starts with an overview of the refractometers market in terms of value. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the refractometers market. A detailed analysis has been provided for every segment in terms of the market size analysis for refractometers across different regions.

The next section of the refractometers market report contains a detailed analysis of the refractometers market across various countries in the region. It provides a market outlook for 2018–2027, and sets the forecast within the context of the refractometers market, which includes the latest technological developments as well as offerings in the refractometers market. This study discusses the key trends within countries contributing to growth of the market, as well as analyses the degrees at which the drivers are influencing the refractometers market in each region. Key regions and countries assessed in this report include North America (U.S. & Canada), Latin America (Brazil, Mexico & the rest of Latin America), Europe (Germany, U.K., Spain, France, Russia & the rest of Europe), Japan, APEJ (China, India, Malaysia, Singapore, Australia & the rest of APEJ) and MEA (GCC Countries, Israel, South Africa & the rest of MEA). This report evaluates the present scenario as well as the growth prospects of the market across various regions globally for the period 2018 –2027. We have considered 2017 as the base year, and provided data for the remaining 12 months.

To offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the market will grow in the future. Given the characteristics of the refractometers market, we have triangulated the outcome of different types of analysis based on the technology trends.

As previously highlighted, the global refractometers market is split into a number of segments. All the segments in terms of product type, substance used, end-user and different regions are analysed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed information is important for the identification of various key trends in the global refractometers market.

In addition, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify the potential resources from a sales and delivery perspective in the global refractometers market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on the categories of providers in the value chain, their presence in the refractometers market and key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a market segment in the refractometers supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate the key competitors based on an in-depth assessment of their capabilities and success in the marketplace. The detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the refractometers market. Some of the key competitors covered in the report are Thermo Fisher Scientific AMETEK; Shimadzu Corporation; Anton Paar GmbH; Cole-Parmer Instrument Company, LLC; KRüSS Optronic GmbH; Hanna Equipments India Pvt. Ltd.; ATAGO; Rudolph Research Analytical; MISCO Refractometer and Xylem Analytics.